obligee
An obligee is a person or entity that is entitled to receive a benefit or payment from another party, known as the obligor. This term is commonly used in legal and financial contexts, such as in contracts or loans, where the obligee has a right to enforce the agreement and seek fulfillment of the obligations.
In a loan agreement, for example, the lender is the obligee because they expect to receive repayment from the borrower. The relationship between the obligee and obligor is crucial for ensuring that obligations are met, which helps maintain trust and accountability in various transactions.